"it would be a mistake to dismiss it as snake oil."
"If you invested in Amazon.com, your perspective on the dot-com bubble is very different than you were all-in on Buy.com," an e-commerce company whose rise and fall was symbolic of the era."
""It's pretty high right now. But I think it captures this kind of dichotomy ... where there is unequivocal, massive potential in this technology," he said, adding, "And yet, boy, there's a lot of agentic on those billboards.""
Taylor warned that dismissing AI as snake oil would be a mistake. He compared today's AI growth to the dot-com era, noting that investors who backed Amazon experienced the bubble differently than those who backed Buy.com. The original dot-com bubble peaked in March 2000 and burst gradually. The current AI industry will likely produce many failures alongside a few truly generational companies. Sierra's founders have search and AI backgrounds: Taylor is a former Salesforce co-CEO and current OpenAI chair, and Clay Bavor is a former Google executive. Bavor uses the frequency of the word "agentic" on billboards as a bubble indicator, noting massive potential amid heavy hype.
Read at Axios
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